The financial cost of the war in Iraq

Nobelist Joseph Stiglitz and economics professor at Harvard Linda Bilmes have published a survey of the financial costs of the war in Iraq. Any guesses?

Well, their figure is US$ 3 Trillion. Of course, financial costs are far from all, but they do give some indication of priorities, of opportunity cost, that is: what could that money have bought instead?

Daniel Davies at Crooked Timber argues that it is not so much that the war cannot be afforded. It is, after all, a relatively smal share of the state budget of the US. The problem, again, is what could have been bought instead. Any suggestions?

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A dull file…

"Politics is a dull file which cuts gradually and slowly arrives at its end.” (Montesquieu)

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